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Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par. The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated. Despite starting with a small group of consumers with similar requirements, the company has successfully proved a useful option for many. Etsy is looking to progress by expanding its services
Companies: ETSY (ETSY:NYSE)Etsy, Inc. (ETSY:NAS)
Baptista Research
Etsy reported a strong set of results that were beyond market expectations with a strong adjusted EBITDA margin and growth in revenue. The management added an interesting set of new features including videos to the search results and an innovative image search feature to help shoppers in locating similar products on the website, beginning with iOS users. It can now bring highly differentiated information to the buyers directly on the search page. Also, it had some early incorporation of buyer in
Etsy recently launched the Etsy Purchase Protection program where buyers will get a total refund for purchases they make on Etsy.com in cases that do not match the item description, never arrive, or arrive damaged. Etsy is focused on generating more opportunities and value for the sellers while creating a trusted shopping experience that brings more buyers into the marketplace and investing in vital areas for scaling seller support. The company is planning to invest a minimum of $25 million each
Etsy ended 2021 on a positive note with new highs in GMS, revenue, and profitability. The company benefitted heavily from the holiday season when many retailers were experiencing supply chain congestion. It has seen a rise in its customer base as a result of Covid-19 tailwinds which brought millions of people to Etsy for the first time. The company’s platform has shown a good level of stickiness in the sense that shoppers have been returning for more purchases. With factors like app icon badging
Companies: Etsy, Inc. (ETSY:NAS)Etsy, Inc. (0IIW:LON)
Etsy had a strong fourth quarter, capping off a strong 2021 with new highs in GMS, revenue, and profitability. During the holiday season, when many retailers were experiencing supply chain congestion, Etsy sellers were able to bring the benefits of shopping small to a larger audience. While the pandemic brought millions of people to Etsy for the first time, the company’s platform has shown a good level of stickiness in the sense that shoppers have been returning for more purchases. With factors
Etsy’s stock has taken a beating as a result of various factors such as the omicron variant, soaring inflation, and the high possibility of interest rate hikes. While the company delivered a very strong third quarter, the broader concern about Etsy is with respect to the pandemic-induced surge in demand for its unique goods waning in 2022. The good part about the company is that majority of the customers who discovered or returned to Etsy during the pandemic have stayed with it, performing even
This is our first report on Etsy Inc., one of the leading global online marketplaces for handmade and vintage goods. The company has had a phenomenal growth trajectory over the past few months despite going through its fair share of volatility. Its growth story has been a function of both, a strong organic growth strategy coupled with a series of acquisitions. Etsy has expanded its e-commerce ecosystem as well as its product base through acquistions like Elo7, a Brazil-based handmade goods marke
Research Tree provides access to ongoing research coverage, media content and regulatory news on Etsy, Inc.. We currently have 0 research reports from 4 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
Companies: CML Microsystems Plc
Shore Capital
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
Companies: Nanoco Group PLC
Companies: FOG TND BVXP ACC HDD
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
Companies: LPA SOLI NANO QTX
Companies: PMG DUKE CMCL BOOM
Companies: Windward Ltd.
Canaccord Genuity
Companies: BILN IGP RBN SBTX
IQGeo’s FY23 results show remarkable organic revenue growth of +64% to £44.5m, FY23 adj EBITDA +2% ahead of our +5% upgrade at the January trading update, and a confident outlook that leads us to conservatively reiterate our FY24E and FY25E forecasts. Excellent execution of the land and expand strategy has scaled organic exit ARR +50% yoy to £21.3m, with record order intake +40% yoy to £57.2m, and net recurring revenue retention increasing to 133% from 108% in FY22. After upgrading by +6% in Jan
Companies: IQGeo Group PLC
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